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Nov 12, 2012
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. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. e> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't face up and deal with the issue of
. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin...
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Nov 12, 2012
11/12
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there's the faction that would be amenable to the deal and somebody like john boehner is going to be working toward a deal. and then there's the other side, the more tea party republicans who aren't going to want to accept this, who aren't going to be okay with raising taxes on anyone. and so i think we are going to see a little bit of a fight here. that said, they don't want to be the ones that cause the country to go over the cliff. it's going to be an interesting couple of weeks. >> i think fewer people are more representative of the other side. does grover norquist have any clout? >> he has some. can he stop a short-term deal from being done? it's the desire to never cut a dime from the defense or the military budget. i think the question will be -- we will see a deal, will it be another short-term deal that kind of exchanges the stopping of the sequestration cuts of the military spending increases in favor of something like lifting the cap off social security taxes or adding some taxes to the wealthiest families in addition to the ones that are already going to take effect janua
there's the faction that would be amenable to the deal and somebody like john boehner is going to be working toward a deal. and then there's the other side, the more tea party republicans who aren't going to want to accept this, who aren't going to be okay with raising taxes on anyone. and so i think we are going to see a little bit of a fight here. that said, they don't want to be the ones that cause the country to go over the cliff. it's going to be an interesting couple of weeks. >> i...
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Nov 12, 2012
11/12
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speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of millionaires who live in hollywood and voted democrat anyway. >>shepard: what is the president doing differently? >>reporter: aside from promoting his over referendum he will meet with business and labor leaders tomorrow and wednesday at the white house before meeting with congressional leaders. instead of late-night twisting arms in the cabinet room as he tried last year, the president may do a couple of rallies outside the beltway to remind lawmaker how americans voted. >> tuesday we found out the majority of americans agree with my approach, democrats, independents, and some republicans. new we need a majori
speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of...
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Nov 12, 2012
11/12
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does he sit down in a room and honestly openly negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives which is my segue into your book, okay, because you've written this book about george washington and his bold moves to break the stalemate of the revolutionary war. so much has been written about george washington. what do you want readers to take away from this book that's new? >> well, i think particularly this morning is the launch of an american legacy book tour that calista and i are doing because she has two new children's books out for american history. the first thing is to say to people we have a long history of overcoming adversity. george washington is probably the greatest example of that, and in "victor
does he sit down in a room and honestly openly negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives...
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Nov 12, 2012
11/12
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in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >> mr. boehner said one thing he's not willing to give up on is maintaining the 35 percent top rate. obama wants 39.6 percent. it is rather significant increase. the obama care tax increase. he takes the tax rate on half of all maul - on small business fall in the higher tax rate of 44 percent and up from 35 percent that. is a body blow to small businesses . obama doesn't care. they are not unionized and don't help him out. we have to protect that part of the country and focus
in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do...
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Nov 12, 2012
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tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >> i think there is a deal. the ying and yang is we know there has to be revenues, and i think -- look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more as long as they know we so
tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense....